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Mar 20, 2013
03/13
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that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to pay insurance and the like. is that a real reasonable and persuasive argument? >> no and in fact, we have a real world experiment that tells us about this. in new jersey a few years ago, they raised the minimum wage. they did it in pennsylvania. there was an examination of fast food and it turned out that in new jersey, hiring went up and in pennsylvania, hiring went down. but let me turn this upside down. why aren't we talking about the fact that the total stock market is worth less today than in 2000 and yet, the ceos are getting more and more money. if
that has an inflationary effect on the economy. so you may be talking away the money you just gave that employee through the increase. raise prices throughout the economy. >> i have to say, you've now switched your argument from what it was going to do to your business to what it's going to do to the economy. >> very sharp, senator warren. whether a minimum wage increase and why. we've heard all this madness on the other side, especially small business people. we won't be able to...
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Mar 20, 2013
03/13
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CNBC
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you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's what happened today. ben bernanke allowed the averages to power higher. the s&p rising today, nasdaq jumping 7.8%. it's not sleight of hand or alchemy at work here, despite what critics say when they constantly slam the fed. >> boo! >> bernanke is not playing a game of move the stock market higher by simply continuing to keep the competition in bonds incredibly weak. he's got a real good reason for doing what he's doing which is staying the course, keeping rates low. that reason? 1937. see, ben bernanke is a rigorous guy. he's a professor. and a genuine scholar of american financial history. it's what he does
you've got the good economy. tremendous housing numbers, miraculous retail sales, terrific oil and gas markets. you have the bad economy. weakening commodity prices. slow commercial real estate business. really bad world commerce outlook. real soft information technology sales. you mix them all up together and you get the absolute perfect environment for the fed reserve to stay stock market friendly. that's what happened today. ben bernanke allowed the averages to power higher. the s&p...
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Mar 20, 2013
03/13
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we just hit the economy with a $1.6 trillion tax increase. the economy's not roaring right now. and what they're saying, let's o that all over again. we are saying fix the tax code, replace it with a pro-growth tax system that helps small businesses, that helps job creators, that helps families. get government spending's appetite under control. the government is supposed to be spending 5% on average for the next 10 years. that's too much. that's much more than what the family budget gets. we sebring it down to 3.-- we say bring it down to 3.4%. when we look at all the smoke and mirrors, all the claims, none of the democratic budgets that's being brought to the floor ever, ever balance the budget. how is that a balanced plan? balancing the budget is what every family does. balancing the budget is what every business does. balancing the budget is what every local government does. surely our federal government can do this, and one of the key ingredients to growing this economy, to making american businesses big and small competitive so they can create jobs and create take-home pay
we just hit the economy with a $1.6 trillion tax increase. the economy's not roaring right now. and what they're saying, let's o that all over again. we are saying fix the tax code, replace it with a pro-growth tax system that helps small businesses, that helps job creators, that helps families. get government spending's appetite under control. the government is supposed to be spending 5% on average for the next 10 years. that's too much. that's much more than what the family budget gets. we...
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Mar 20, 2013
03/13
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it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will help grow the economy. what we need from the president, what we need from senate democrats is a plan to join us in this effort to help improve the lives of americans all across this country. inas one of the few cpa's this town, you'll be hard- pressed to find a bigger tax, budget, or economic geek than me. there is nothing i enjoy more than having a discussion about debt to equity ratios and allocations and the difference between getting to primary balance as opposed to actually balancing the budget. i have been told that normal people do not enjoy those discussions. i can tell you one th
it also will help grow our economy and create jobs. our plan is a plan to grow the economy. what we are seeing on the other side from the senate by the democrats is a plan that is going to grow one thing, that is the national debt. at a time when many seniors are worried about their benefits and we see many young people that are having trouble finding jobs after they graduate from college, ours is a plan that will give them the certainty, that will help them find those jobs, because it will...
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Mar 20, 2013
03/13
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MSNBCW
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why did george bush have a massive experiment in getting rich people back their money only to see the economy falling apart. you're not winning on those issues, oath either, john. >> joan, you're so right. you are better on this than i am normally. equal pay for equal women. your party has been slow on that. >> i agree. i'm following our party. those are the changes that we should be making. here's what the real difference between the two parties in my opinion are. >> okay. >> the republican party has always said we're going to make sure you have opportunity that leads to unlimited success but not guaranteed success. that was the american dream. we've given that up because people say it's not attainable anymore and the democrats are selling we will give you guaranteed success but it's going to be very limited. >> who says that? >> no one guarantees success. >> find -- >> it's the governmental -- >> john, i don't know any democrat who talks like that. >> there's no no one who wants to guarantee success. >> i've never heard that anywhere. >> no, it's all about equal opportunity. we are about gu
why did george bush have a massive experiment in getting rich people back their money only to see the economy falling apart. you're not winning on those issues, oath either, john. >> joan, you're so right. you are better on this than i am normally. equal pay for equal women. your party has been slow on that. >> i agree. i'm following our party. those are the changes that we should be making. here's what the real difference between the two parties in my opinion are. >> okay....
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Mar 20, 2013
03/13
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the economy is digging its way out of a very bad economy. the housing market we hope is recovering and better way to get better growth. the bad news is the fed is held hostage by a congress and administration that can't get anything done and it will continue to print money because it feels like it has to do something but it's not working very well. so really all roads lead to let's fix the debt and until we balance budgets, until we get serious about that, the fed is not able to fix it. >> douglas holtz-eakin, thank you very much. tom brokaw, thank you. alex, we will see you at noon. >> what is coming on at noon? >> doug is back! >> you just can't shake him! >> smart, smart, smart. thank you so much. >>> on tomorrow's show, we have the secretary of health and human services kathleen sebelius with join us. >>> coming up here on "morning joe," how do can you tell if a novel is worth reading when it gets a movie deal before it even hits the shelves. we will talk to best seller harlan coppen about his best novel in six years. do we have a mower?
the economy is digging its way out of a very bad economy. the housing market we hope is recovering and better way to get better growth. the bad news is the fed is held hostage by a congress and administration that can't get anything done and it will continue to print money because it feels like it has to do something but it's not working very well. so really all roads lead to let's fix the debt and until we balance budgets, until we get serious about that, the fed is not able to fix it....
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Mar 20, 2013
03/13
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KGO
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. >> reporter: which means this beautiful i the fate of the european and perhaps world economie nick schifrin, abc news, cyprus. >>> all right, statue of liberty which was shut down after hurricane sandy set to reopen in time for fourth of july. the statue itself survived the , bulad sits badly d. making it uoritor repairs should be compl summer trav >>> after a relentless final few weeks of winter, we are pleased to report that spring arrives. at 7:02 eastern time. just a few hours from now. as abc's ginger zee reports it's welcome news for the northeast after another major winter storm. >> reporter: it is like a broken en plows down. shovels out and that familiar sound. spring is just hours away yet nowhere in sight. >> so much for the groundhog, huh? i think he got that one wrong. >> it's ridiculous. we are tired of it. >> reporter: so is judy. >> i still have snow banks like this. it is not going away. we are all miserable. >> reporter: she had to close her bakery for the first time ever. thanks to the snow >> tims no bad. this year it is constant. >> i'm sick of it! >> reporter:
. >> reporter: which means this beautiful i the fate of the european and perhaps world economie nick schifrin, abc news, cyprus. >>> all right, statue of liberty which was shut down after hurricane sandy set to reopen in time for fourth of july. the statue itself survived the , bulad sits badly d. making it uoritor repairs should be compl summer trav >>> after a relentless final few weeks of winter, we are pleased to report that spring arrives. at 7:02 eastern time. just...